With its firm intention to continue consolidating itself in the Venezuelan financial system as an innovative bank that promotes banking access and contributes to the country’s development, Bancamiga reached its coming of age this Wednesday, March 19th.
It celebrates its first 18 years as one of the fastest-growing financial institutions in 2024 and is expected to become one of the banks with the shortest period of time to reach one million customers; a response to its constant effort to offer cutting-edge products and services that meet the needs of Venezuelans.
Since its creation in 2007 as a Development Bank and in its process of consolidating itself as a Universal Bank, Bancamiga has promoted solutions such as Interbank Mobile Payment, foreign currency accounts, points of sale with Contactless technology, and the use of the Mastercard Debit Card, which allows purchases in bolivars and foreign currency.
The Chairman of Bancamiga’s Board of Directors, José Simón Elarba, stated that throughout these years, the institution has had committed employees who have contributed their effort and dedication, such as the 73 who received their recognitions for 10 and 5 years of service on March 18.
“Being the country’s fifth-largest private bank in just 18 years has only been possible thanks to the trust placed in us by each and every one of our clients. We work for them to promote the development of the country’s productive sectors,” he stated.
This trust is strengthened every day, Elarba stated, by initiatives that facilitate customer transactions and the benefits of its products and services, among which the Mastercard Debit Card stands out, which has allowed hundreds of thousands of Venezuelans to subscribe to streaming platforms and make online purchases; the robustness of the Bancamiga Suite application, which has expanded its features to make transactions easier, more practical, and more functional; and the development of features such as ID Check, or an additional layer of security available in the app for online transactions.
Also worth highlighting is the boost that Bancamiga points of sale have given to entrepreneurs and merchants. In partnership with Soluciones Integrales Tecnológicas (SITCA), the POS terminals are available throughout the country, offering commissions to businesses for paying and recharging telephone and TV services, sealing the 5th and 6th, and playing the lottery. Settlements are made daily, regardless of whether it falls on Sundays or holidays.
“Before the end of the next quarter, we will reach 200,000 installments in the country, making us the second bank in the financial system with that number of POS terminals on the market,” added the President of the institution’s Board of Directors.
Security, a key element of operations for Bancamiga
Just as innovation is key for Bancamiga, so is offering secure processes, which was reaffirmed by the PCI DSS certification, a data security standard for the payment card industry, which made Bancamiga the first bank in Venezuela to obtain version 4.0. It did so after four years of effort.
-The PCI DSS (Payment Card Industry Data Security Standard) certification is a set of security standards designed to protect payment cardholder information, a fact that attests to Bancamiga’s responsibility, seriousness, and reliability in handling sensitive data from these payment instruments.
In the coming years, innovation and customer security will continue to be a priority for Bancamiga, which will continue to expand to reach more locations with new offices and reach more Venezuelans with Bancamiga Mobile, according to a statement from the banking institution on this important date.
José Simón Elarba explained that Bancamiga will continue to reaffirm its commitment to sustainable development through various initiatives in the area of Social Responsibility, where training will be the guiding principle of many of its programs and projects. It will also continue to demonstrate its commitment to Venezuelan society in the areas of health, education, the environment, and culture.
“This is a wonderful moment to express our gratitude for the efforts and sense of belonging of our men and women, who with dedication and commitment are pushing the institution toward a safe haven. These 18 years of success and those to come are only possible thanks to their dedication and commitment. Thank you for so much.”
With information and reference images from Bancamiga Banco Universal
Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on X/Twitter and Instagram
